Tegna Inc Financials
This page shows Tegna Inc (TGNA) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 18 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Tegna Inc has an operating margin of 25.3%, meaning the company retains $25 of operating profit per $100 of revenue. This strong profitability earns a score of 100/100, reflecting efficient cost management and pricing power. This is up from 25.2% the prior year.
Tegna Inc's revenue grew 6.6% year-over-year to $3.1B, a solid pace of expansion. This earns a growth score of 47/100.
Tegna Inc carries a low D/E ratio of 1.02, meaning only $1.02 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 73/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 2.92, Tegna Inc holds $2.92 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 97/100.
Tegna Inc converts 20.4% of revenue into free cash flow ($632.5M). This strong cash generation earns a score of 100/100.
Tegna Inc earns a strong 20.0% return on equity (ROE), meaning it generates $20 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 80/100. This is up from 17.6% the prior year.
Tegna Inc scores 3.03, well above the 2.99 safe threshold. This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Tegna Inc passes 9 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), all 3 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Tegna Inc generates $1.14 in operating cash flow ($685.0M OCF vs $599.8M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Tegna Inc earns $4.6 in operating income for every $1 of interest expense ($784.8M vs $169.2M). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.
Key Financial Metrics
Tegna Inc generated $3.1B in revenue in fiscal year 2024. This represents an increase of 6.6% from the prior year.
Tegna Inc's EBITDA was $898.3M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 6.1% from the prior year.
Tegna Inc generated $632.5M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 18.8% from the prior year.
Tegna Inc reported $599.8M in net income in fiscal year 2024. This represents an increase of 25.8% from the prior year.
Tegna Inc earned $3.53 per diluted share (EPS) in fiscal year 2024. This represents an increase of 54.8% from the prior year.
Tegna Inc held $693.2M in cash against $3.1B in long-term debt as of fiscal year 2024.
Tegna Inc paid $0.49 per share in dividends in fiscal year 2024. This represents an increase of 16.7% from the prior year.
Tegna Inc had 160M shares outstanding in fiscal year 2024. This represents a decrease of 11.1% from the prior year.
Tegna Inc's gross margin was 43.4% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 2.4 percentage points from the prior year.
Tegna Inc's operating margin was 25.3% in fiscal year 2024, reflecting core business profitability. This is up 0.1 percentage points from the prior year.
Tegna Inc's net profit margin was 19.3% in fiscal year 2024, showing the share of revenue converted to profit. This is up 3.0 percentage points from the prior year.
Tegna Inc's ROE was 20.0% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is up 2.3 percentage points from the prior year.
Tegna Inc spent $274.8M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 57.9% from the prior year.
Tegna Inc invested $52.4M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 4.1% from the prior year.
TGNA Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $650.8M-3.6% | $675.0M-0.7% | $680.0M-21.9% | $870.5M+22.5% | $710.4M-0.5% | $714.3M-1.6% | $725.9M+1.8% | $713.2M |
| Cost of Revenue | $422.1M-0.2% | $422.9M-4.1% | $441.0M-3.2% | $455.6M+5.5% | $432.0M+0.3% | $430.6M+1.8% | $423.1M-3.5% | $438.3M |
| Gross Profit | $228.7M-9.3% | $252.1M+5.5% | $239.1M-42.4% | $414.9M+49.1% | $278.3M-1.9% | $283.7M-6.3% | $302.7M+10.1% | $275.0M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $89.9M-5.4% | $95.0M-0.6% | $95.5M-4.9% | $100.5M+5.9% | $94.9M-7.2% | $102.3M-12.8% | $117.3M+19.2% | $98.4M |
| Operating Income | $92.1M-24.7% | $122.4M+12.3% | $109.0M-60.4% | $275.5M+94.2% | $141.9M+3.1% | $137.6M-4.3% | $143.7M+6.7% | $134.7M |
| Interest Expense | $39.0M-6.6% | $41.8M-0.1% | $41.8M-2.4% | $42.8M+2.6% | $41.7M-1.5% | $42.4M-3.2% | $43.8M+0.8% | $43.4M |
| Income Tax | $16.8M-17.1% | $20.3M+33.7% | $15.2M-67.6% | $46.7M+120.4% | $21.2M-65.4% | $61.3M+132.3% | $26.4M-5.1% | $27.8M |
| Net Income | $37.1M-45.4% | $67.9M+15.8% | $58.7M-67.5% | $180.7M+119.9% | $82.1M-56.7% | $189.6M+149.0% | $76.1M-20.8% | $96.2M |
| EPS (Diluted) | $0.23-45.2% | $0.42+16.7% | $0.36-67.3% | $1.10+129.2% | $0.48-54.7% | $1.06+152.4% | $0.42-12.5% | $0.48 |
TGNA Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $6.8B-6.8% | $7.3B+0.1% | $7.3B-0.3% | $7.3B+3.3% | $7.1B-0.2% | $7.1B+1.5% | $7.0B-2.7% | $7.2B |
| Current Assets | $896.9M-35.5% | $1.4B+1.8% | $1.4B+0.5% | $1.4B+23.8% | $1.1B+0.3% | $1.1B+4.3% | $1.1B-15.5% | $1.2B |
| Cash & Equivalents | $232.8M-69.2% | $756.5M+5.6% | $716.6M+3.4% | $693.2M+55.5% | $445.7M+3.5% | $430.8M+19.3% | $361.0M-34.7% | $553.0M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $576.5M-1.2% | $583.7M-1.9% | $594.8M-1.6% | $604.3M-0.2% | $605.2M+0.1% | $604.5M-3.2% | $624.4M+2.8% | $607.3M |
| Goodwill | $3.0B0.0% | $3.0B0.0% | $3.0B0.0% | $3.0B0.0% | $3.0B0.0% | $3.0B+1.2% | $3.0B0.0% | $3.0B |
| Total Liabilities | $3.7B-12.4% | $4.2B-0.7% | $4.2B-1.4% | $4.3B+0.8% | $4.3B-0.4% | $4.3B+0.3% | $4.3B+1.4% | $4.2B |
| Current Liabilities | $404.3M-57.2% | $944.6M-3.0% | $973.5M+108.8% | $466.3M+9.5% | $425.8M-1.9% | $434.0M+2.5% | $423.4M+18.4% | $357.6M |
| Long-Term Debt | $2.5B0.0% | $2.5B0.0% | $2.5B-17.8% | $3.1B+0.1% | $3.1B0.0% | $3.1B0.0% | $3.1B0.0% | $3.1B |
| Total Equity | $3.1B+0.7% | $3.1B+1.8% | $3.0B+1.1% | $3.0B+7.3% | $2.8B+0.1% | $2.8B+3.4% | $2.7B-8.6% | $3.0B |
| Retained Earnings | $8.6B+0.1% | $8.6B+0.5% | $8.5B-0.2% | $8.5B+3.2% | $8.3B+0.4% | $8.2B+1.9% | $8.1B+0.4% | $8.1B |
TGNA Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $59.1M-40.8% | $99.9M+67.5% | $59.6M-76.1% | $249.8M+100.2% | $124.8M+24.3% | $100.4M-43.7% | $178.4M+76.0% | $101.4M |
| Capital Expenditures | $10.8M+51.4% | $7.1M+43.7% | $4.9M-69.4% | $16.1M+1.1% | $16.0M+225.2% | $4.9M-80.7% | $25.4M+71.5% | $14.8M |
| Free Cash Flow | $48.4M-47.8% | $92.8M+69.6% | $54.7M-76.6% | $233.6M+114.7% | $108.8M+14.0% | $95.5M-37.6% | $153.0M+76.8% | $86.5M |
| Investing Cash Flow | -$10.4M-32.0% | -$7.9M-24.1% | -$6.4M+63.3% | -$17.3M-18.8% | -$14.6M-116.9% | $86.2M+446.4% | -$24.9M-294.3% | $12.8M |
| Financing Cash Flow | -$572.5M-999.5% | -$52.1M-74.6% | -$29.8M+60.5% | -$75.5M+20.8% | -$95.2M+18.5% | -$116.9M+66.2% | -$345.5M-584.1% | -$50.5M |
| Dividends Paid | $20.1M+0.1% | $20.1M+0.1% | $20.1M+0.5% | $20.0M-4.9% | $21.0M+5.6% | $19.9M-2.7% | $20.5M-9.4% | $22.6M |
| Share Buybacks | $0 | $0 | $0-100.0% | $49.8M-31.1% | $72.3M-12.2% | $82.4M-74.6% | $325.0M+1064.3% | $27.9M |
TGNA Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 35.1%-2.2pp | 37.4%+2.2pp | 35.1%-12.5pp | 47.7%+8.5pp | 39.2%-0.5pp | 39.7%-2.0pp | 41.7%+3.1pp | 38.6% |
| Operating Margin | 14.2%-4.0pp | 18.1%+2.1pp | 16.0%-15.6pp | 31.6%+11.7pp | 20.0%+0.7pp | 19.3%-0.5pp | 19.8%+0.9pp | 18.9% |
| Net Margin | 5.7%-4.4pp | 10.1%+1.4pp | 8.6%-12.1pp | 20.8%+9.2pp | 11.6%-15.0pp | 26.5%+16.1pp | 10.5%-3.0pp | 13.5% |
| Return on Equity | 1.2%-1.0pp | 2.2%+0.3pp | 1.9%-4.1pp | 6.0%+3.1pp | 2.9%-3.9pp | 6.8%+4.0pp | 2.8%-0.4pp | 3.3% |
| Return on Assets | 0.5%-0.4pp | 0.9%+0.1pp | 0.8%-1.7pp | 2.5%+1.3pp | 1.2%-1.5pp | 2.7%+1.6pp | 1.1%-0.3pp | 1.3% |
| Current Ratio | 2.22+0.7 | 1.47+0.1 | 1.40-1.5 | 2.92+0.3 | 2.58+0.1 | 2.53+0.0 | 2.48-1.0 | 3.47 |
| Debt-to-Equity | 0.810.0 | 0.82-0.0 | 0.83-0.2 | 1.02-0.1 | 1.100.0 | 1.10-0.0 | 1.14+0.1 | 1.04 |
| FCF Margin | 7.4%-6.3pp | 13.7%+5.7pp | 8.0%-18.8pp | 26.8%+11.5pp | 15.3%+1.9pp | 13.4%-7.7pp | 21.1%+8.9pp | 12.1% |
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Frequently Asked Questions
What is Tegna Inc's annual revenue?
Tegna Inc (TGNA) reported $3.1B in total revenue for fiscal year 2024. This represents a 6.6% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Tegna Inc's revenue growing?
Tegna Inc (TGNA) revenue grew by 6.6% year-over-year, from $2.9B to $3.1B in fiscal year 2024.
Is Tegna Inc profitable?
Yes, Tegna Inc (TGNA) reported a net income of $599.8M in fiscal year 2024, with a net profit margin of 19.3%.
What is Tegna Inc's earnings per share (EPS)?
Tegna Inc (TGNA) reported diluted earnings per share of $3.53 for fiscal year 2024. This represents a 54.8% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Tegna Inc's EBITDA?
Tegna Inc (TGNA) had EBITDA of $898.3M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Tegna Inc have?
As of fiscal year 2024, Tegna Inc (TGNA) had $693.2M in cash and equivalents against $3.1B in long-term debt.
What is Tegna Inc's gross margin?
Tegna Inc (TGNA) had a gross margin of 43.4% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Tegna Inc's operating margin?
Tegna Inc (TGNA) had an operating margin of 25.3% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Tegna Inc's net profit margin?
Tegna Inc (TGNA) had a net profit margin of 19.3% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
Does Tegna Inc pay dividends?
Yes, Tegna Inc (TGNA) paid $0.49 per share in dividends during fiscal year 2024.
What is Tegna Inc's return on equity (ROE)?
Tegna Inc (TGNA) has a return on equity of 20.0% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is Tegna Inc's free cash flow?
Tegna Inc (TGNA) generated $632.5M in free cash flow during fiscal year 2024. This represents a 18.8% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Tegna Inc's operating cash flow?
Tegna Inc (TGNA) generated $685.0M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Tegna Inc's total assets?
Tegna Inc (TGNA) had $7.3B in total assets as of fiscal year 2024, including both current and long-term assets.
What are Tegna Inc's capital expenditures?
Tegna Inc (TGNA) invested $52.4M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
Does Tegna Inc buy back shares?
Yes, Tegna Inc (TGNA) spent $274.8M on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.
How many shares does Tegna Inc have outstanding?
Tegna Inc (TGNA) had 160M shares outstanding as of fiscal year 2024.
What is Tegna Inc's current ratio?
Tegna Inc (TGNA) had a current ratio of 2.92 as of fiscal year 2024, which is generally considered healthy.
What is Tegna Inc's debt-to-equity ratio?
Tegna Inc (TGNA) had a debt-to-equity ratio of 1.02 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Tegna Inc's return on assets (ROA)?
Tegna Inc (TGNA) had a return on assets of 8.2% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Tegna Inc's Altman Z-Score?
Tegna Inc (TGNA) has an Altman Z-Score of 3.03, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Tegna Inc's Piotroski F-Score?
Tegna Inc (TGNA) has a Piotroski F-Score of 9 out of 9, indicating strong financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Tegna Inc's earnings high quality?
Tegna Inc (TGNA) has an earnings quality ratio of 1.14x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Tegna Inc cover its interest payments?
Tegna Inc (TGNA) has an interest coverage ratio of 4.6x, meaning it can adequately cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Tegna Inc?
Tegna Inc (TGNA) scores 83 out of 100 on our Financial Profile, indicating strong overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.